Unicorns deploy funding into corporate venture funds

Singapore Business Review

“For 2019, the SVCA said that regulatory changes, such as recent extensions for tax incentives and new investment flexibility for structuring of funds (for instance, the new Variable Capital Company (VCC) legal structure) may further encourage investment into Southeast Asia and for VC fund managers to operate out of Singapore.

However, Khor Qianyi, Senior Analyst and Head of ESG at Quest Ventures, warned that uncertainty around the new regulations, specifically the VCC, which was meant to increase VC activity in Singapore, poses a challenge for VC firms along with the lack of later-stage funding from Series B onwards.

“The industry, including technology media, needs to move away from associating large deals with large market implications,” according to Qianyi. “Whilst small deals do not sound exciting, it is important to track them when they are still starting up. As Jack Ma said, ‘Small guys become big guys.’”

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